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| Author: | Batten, J. Hogan, W. |
| Title: | A perspective on credit derivatives |
| Journal: | International Review of Financial Analysis
2002 : VOL. 11:3, p. 251-278 |
| Index terms: | Stock markets Credit Risk |
| Freeterms: | Spreads |
| Language: | eng |
| Abstract: | This contribution offers explanation of credit derivatives as a group of financial instruments having a common purpose being the managing of credit exposures, and thus credit or default risk. This paper explores the links btw. their economic and financial manifestations and the legal bases for their widespread application. To ensure an understanding of the purposes served by each of the main types of credit derivatives, a detailed scrutiny of individual instruments is undertaken. |
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